Turnkey Duplex With Off-Street
187-189 West Pacemont Road Columbus, OH 43202
187-189 West Pacemont Road, Columbus, OH, 43202
$499,000
For Sale
$499,000
Duplex with two 3-bedroom units, separate utility arrangements, off-street parking, and recent mechanical updates.
Property Size2,080 SF
Price / SF$239.90
Days on Market55
Property Features for 187-189 West Pacemont Road
General Information
- Standard status
- Active
- Size
- 2,080 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1925
Listing agency
Coldwell Banker Real Estate LLC
(614) 260-4842
Listed by
Ryan Lawasani · License #2018002342
(614) 260-4842
Source
Compass
Added: May 29 Updated: Jul 21 at 10:42AM Checked: Jul 21 at 10:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Real Estate LLC
Investment Insights
Based on property information with market context.
This duplex offers two residential units, each with three bedrooms and one full bathroom. The configuration includes private basement storage, off-street parking, and separate utility arrangements between the units.
Recent improvements include mechanicals in Unit 187 that are approximately three years old, a new furnace installed three months ago in Unit 189, and a brand-new dishwasher in Unit 187.
The property is located at 187-189 West Pacemont Road in Columbus, with access to central Columbus amenities and major thoroughfares. The offering is presented with curb-only offers, and showings will be scheduled after acceptance of a satisfactory curb offer, with tenants not to be disturbed.
Recent improvements include mechanicals in Unit 187 that are approximately three years old, a new furnace installed three months ago in Unit 189, and a brand-new dishwasher in Unit 187.
The property is located at 187-189 West Pacemont Road in Columbus, with access to central Columbus amenities and major thoroughfares. The offering is presented with curb-only offers, and showings will be scheduled after acceptance of a satisfactory curb offer, with tenants not to be disturbed.
Key Highlights
- Clintonville duplex built in 1925 with two units, each offering 3 bedrooms and 1 full bathroom
- Currently generating $3,650/month gross rental income: Unit 187 at $1,700/month and Unit 189 at $1,950/month
- Unit 187 has mechanicals approximately 3 years old and a brand‑new dishwasher
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.2k | $13.08 |
| − Vacancy | −$1.9k | −$0.92 |
| EGI | $25.3k | $12.16 |
| − OpEx | −$7.6k | −$3.65 |
| NOI | $17.7k | $8.52 |
2,080 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$253.0K
$221.4K – $295.2K
NOI $17,711 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$203.5K
$178.1K – $237.5K
NOI $14,248 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$433.5K
$379.3K – $505.7K
NOI $30,344 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two 3-bedroom units, separate utility arrangements, off-street parking, and recent mechanical updates.
Where is this duplex located?
The property is located at 187-189 West Pacemont Road Columbus, OH.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Clintonville duplex built in 1925 with two units, each offering 3 bedrooms and 1 full bathroom; Currently generating $3,650/month gross rental income: Unit 187 at $1,700/month and Unit 189 at $1,950/month; Unit 187 has mechanicals approximately 3 years old and a brand‑new dishwasher
